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Press Releases

April 22, 2003

FOR IMMEDIATE RELEASE

Smart Loops™ and Cakewalk® Co-Branded Loop Product Drumatic™ is #1 Seller

—Premier ACID™-Format Loops Developer Produces Top Selling Title for Music Software Industry Leader—

Waltham, Mass., April 22, 2003 – Smart Loops, a premier developer of ACID-format loop-based music content and creation tools, announced that its highly acclaimed loop collection, Drumatic, is the number one selling loop product from Cakewalk. Drumatic is a co-branded title with Cakewalk, developer of the best-selling music and sound software for Windows. Smart Loops (www.smartloops.com) products are used by leading GRAMMY®-recognized producers and studio musicians that work with today’s hottest artists and are responsible for some of the biggest hits of all time.

Drumatic has sustained top sales numbers by offering over 500 loops, each with three different sounding drum kits. With over 1500 drum loops in all (more than 630 MB), each of the drum kit loops can be mixed and matched end-to-end to create totally realistic and expressive drum tracks. The CD provides world-class drum recordings, performed live, in the styles of rock, pop and country. Drumatic brings natural rhythmic depth that is difficult or impossible to achieve with a drum machine. A box shot of Drumatic and its system requirements are posted at: www.cakewalk.com/Products/Loops/Drumatic.asp

Smart Loops President and Founder Frank Basile commented, “We’re very happy to learn that Drumatic has been so successful. Achieving the status of being the number one selling loop product through Cakewalk is quite an accomplishment.” Frank continued, “My original vision for Smart Loops was to provide high quality loops with great human feel that help musicians make better music. It’s nice to know that this product has been so well received and that we’re fulfilling that vision.”

Drumatic’s sales success marks the second hit product borne of Smart Loops and Cakewalk’s shared vision. Drumatic is the follow-up title to the highly successful Rockit Fuel CD, the first co-branding venture between the two companies. Smart Loops products continue to play an integral part of Cakewalk’s top selling products, with their inclusion in Cakewalk’s SONAR 2.0 and SONAR 2.0 XL, the latest versions of their award-winning digital multitrack recording system. The companies have also partnered to make Smart Loops part of Cakewalk’s brand new and highly acclaimed Project 5 pattern & loop creation tool.

The product contains ACID WAV format loops, optimized for use in Cakewalk’s SONAR™, Home Studio 2002™, Project 5™, Plasma™, Music Creator™, and Guitar Tracks Pro™ products, as well as all Sonic Foundry ACID™ Programs. The loops can also be used by nearly all PC and Macintosh music recording or playback software titles that load WAV files, the industry standard format for music files. Registered Cakewalk customers may purchase Drumatic for $49, a $20 savings off the list price of $69. The product is available from the Cakewalk Online Store.

Smart Loops also offers a variety of retail products, including the highly acclaimed Dry Studio Kit, Percussion Kit, Electric Guitars, and Bass Guitars. The company’s products contain ACID-compatible loops optimized for use in programs that allow users to change the tempo and pitch of their audio. Since the files are provided in WAV format, virtually any PC or Macintosh music recording or playback software can also use the loops. Smart Loops also supports the popular Phrazer and Unity software instruments with separate “Phrazerized” versions of the products as well.

About Smart Loops

Smart Loops is a leading provider of pro audio loops and web-based recording services. All Smart Loops audio files are performed and recorded by professional studio musicians and producers. The Smart Loops libraries allow users to create professional music tracks with the realistic feel and dynamics of a natural performance. Smart Loops products are licensed worldwide, and the company’s audio and MIDI content is an integral part of the best selling music software products on the market. The company’s meticulously produced drum, percussion, guitar, and bass loops are endorsed by Grammy-winning musicians and producers worldwide.

About Cakewalk

Founded in 1987 and based in Boston, MA, Cakewalk is an international, industry-leading provider of software for music and sound creation. The company's award-winning products are used worldwide by more than 900,000 users, for applications including audio CD production, film/TV soundtracks, live stage sound, club remixes, computer game sound, multimedia applications, and Internet delivery.

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